Why ‘hold forever’ investors are snapping up venture capital ‘zombies’
An investor explains the “buy, fix, and hold” model employed by Bending Spoons and similar companies that buy distressed startups.
Bret Taylor’s Sierra reaches $100M ARR in under two years
The startup’s rapid growth suggests that enerprises are embracing AI agents.
Source: Kalshi’s valuation jumps to $11B after raising massive $1B round
The quickly growing prediction betting market raised fresh capital from Sequoia and CapitalG, according to someone familiar with the deal.
Cavela lands $6.6M to help brands beat pre-tariff manufacturing costs
The startup claims that its AI agents can reduce the cost of product manufacturing by an average of 35%.
PowerLattice attracts investment from ex-Intel CEO Pat Gelsinger for its power saving chiplet
PowerLattice, a startup founded by veteran electrical engineers from Qualcomm, NUVIA, and Intel in 2023, claims to have developed a groundbreaking approach that reduces the power needs of computer chips by more than 50%.
Databricks co-founder argues US must go open source to beat China in AI
VC Andy Konwinski argues that the U.S. is losing its AI research dominance to China.
VCs abandon old rules for a ‘funky time’ of investing in AI startups
The goalposts are moving for AI startups when it comes to growth, product features and just about everything else.
Immortality startup Eternos pivots to a personal AI that sounds like you
Uare.ai raised $10.3 million in seed funding led by Mayfield and Boldstart Ventures.
Sapphire Sport spins out, rebrands as 359 Capital with $300M AUM
The newly independent 359 Capital is half-way through investing from $181 million second fund.
Cluely’s Roy Lee hints that viral hype is not enough
Lee declined to share Cluely’s financial metrics just four months after boasting how quickly the startup is growing.